Debt-stricken state power utility Eskom reported a record loss of R20.7-billion on Tuesday, highlighting the severity of the threat it poses to South Africa’s economy.
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Shoprite Group is launching standalone technology stores called K’nect that will offer consumers access to services such as global money transfers, cellphone purchases, bill payments, tickets and insurance.
Eskom, South Africa’s biggest polluter, said emissions of particulate matter that cause chronic respiratory disease are at their highest level in two decades.
South African payment service provider PayFast has been sold to Kenya’s DPO Group in a cash and shares deal. PayFast management, including MD Jonathan Smit, will become shareholders in the Nairobi-based company.
Blue Label Telecoms’ Blue Label Ventures has invested in technology start-up Mobii Systems, which provides rugby match analysis to teams and coaches to help them plan their game strategies.
South Africa’s unemployment rate rose to the highest level in at least 11 years in the second quarter as mining and finance shed jobs and more people were looking for employment.
There has been an alarming rise in incidents of battery theft from cellphone towers in South Africa and urgent action is needed to address the situation, MTN said on Monday.
Embattled state power utility Eskom will be temporarily led by Jabu Mabuza, its chairman, who will take over the roles of interim executive chairman and acting CEO starting from next month.
Hewlett Packard Enterprise has appointed President Ntuli as its new MD for South Africa, effective 1 August, it said on Monday.
The state-owned power utility is set to announce its second consecutive multibillion-rand annual loss on Tuesday. The big question is, how many billions?